Lombard Feature Article: How Hardware Security Drives Bitcoin Financialization From 2025 to 2026, the Bitcoin liquid staking sector is entering a boom period, and Lombard @Lombard_Finance has become the leader in this space, with TVL surpassing $1 billion. However, the lack of Ethereum-like smart contracts on the Bitcoin network means that permission management and governance of staking pools often rely on multisig. Lombard @Lombard_Finance addresses this issue by integrating governance rules into a protected hardware environment: ① Hardware-level keys: Managed using Cubist's CubeSigner hardware. ② Strategy as code: Even without on-chain smart contracts, Lombard runs a strict set of strategies within the hardware. ③ Secure consortium mechanism: A multisig setup involving 14 top-tier institutions, including Galaxy and OKX Ventures, where every transaction must pass identity verification and rule checks through these nodes. The collaboration between Lombard @Lombard_Finance and Cubist marks Bitcoin's evolution from a "primitive store of value" to a "financial asset," while also solidifying its position as the leader in BTCfi!